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Applied Materials (AMAT) is the world's largest semiconductor equipment company by revenue (~$27 B in FY2024). It designs and manufactures the tools that deposit, etch, and inspect thin films on silicon wafers — covering CVD/ALD, PVD (sputtering), etch, CMP, and metrology/inspection.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 6 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
AMAT's FY2015 10-K names Samsung Electronics and TSMC as its two 10%+ customers (Samsung: 18/12/13% for FY2015/14/13; TSMC: 15/21/27%). Later 10-Ks keep naming them through FY2024 (see FY2023/FY2024 rows); only the FY2025 10-K (filed Dec 2025) drops the names ('Customer One'/'Customer Two', ~19%/15%). Corrected 2026-09-26: this note previously said FY2015 was the most recent filing that names them.
See Samsung row -- same FY2015 10-K table. Named through the FY2024 10-K; the FY2025 10-K discloses two unnamed customers at ~19%/15% of net revenue, so the current filing no longer names TSMC/Samsung.
FY2024 10-K (filed 2024-12-13) note on customer concentration and Item 1 table: customers at >=10% of net revenue (FY2024/FY2023/FY2022: Samsung 12/15/12%, TSMC 11/19/20%; Intel 10% in FY2022 only). Base labelled 'net revenue' in this filing, 'net sales' in earlier ones.
FY2024 10-K (filed 2024-12-13) note on customer concentration and Item 1 table: customers at >=10% of net revenue (FY2024/FY2023/FY2022: Samsung 12/15/12%, TSMC 11/19/20%; Intel 10% in FY2022 only). Base labelled 'net revenue' in this filing, 'net sales' in earlier ones.
FY2023 10-K (filed 2023-12-15) Item 1 table: customers at >=10% of net sales (FY2023/FY2022/FY2021: Samsung 15/12/20%, TSMC 19/20/15%). Prior-vintage row for the FY2024 comparison.
FY2023 10-K (filed 2023-12-15) Item 1 table: customers at >=10% of net sales (FY2023/FY2022/FY2021: Samsung 15/12/20%, TSMC 19/20/15%). Prior-vintage row for the FY2024 comparison.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.
Dossier discloses a neodymium exposure with no Dy/Tb/Sm tag and a sector where doping is not the rule — whether this company's magnets are Dy/Tb-doped is not on record. Resolved by a disclosed magnet grade, or a named magnet supplier in named_counterparties.
A61's suspension (Announcement 70) lapses 10 Nov 2026 — on the plain text, controls revive automatically. The US DoD CN/RU/IR/KP sourcing bar follows 1 Jan 2027. See the underlying extraterritorial export-control action. We supply the provenance file; we never compute your ratio for you.
As a buyer, policy pressure across its consumed materials is rising.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
🇺🇸 US accounts for 45% of severity-weighted pressure.